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With such a booming start to the year in terms of real estate, it has many people wondering what’s in store for the rest of the year. There is good and bad news (but mostly good!) for both buyers and sellers in the mid year real estate forecast for Colorado Springs. Interest Rates Many experts anticipate interest rates to increase in the 3rd and 4th quarters of 2021. While not substantial increases, even just a slight increase could affect purchasing power for potential buyers. However, a slight increase may also help curb some of the insatiable demand for homes and rates will still be well below historicalRead More →

Forest Meadows Real Estate Stats June 2021 show double digit price increases once again. This neighborhood in Colorado Springs is no exception to the price appreciation. The average price rose 17.9% to $467,625. The median price rose 15.7% to $462,500. Looking back just 2 years ago, the average price in Forest Meadows was $352,659. In just two years, the average has increased nearly $115! Homes continue to sell very fast in our neighborhood with an average time on market of only 3 days! Most astonishing is that homes in Forest Meadows & The Trails sold for 6.4% above asking price on average last month. So if you areRead More →

It’s hard out there for buyers right now, and even more so for buyers using government-back loans such as VA and FHA. When navigating a competitive housing market, it might be beneficial to think of the list price of the house as the reserve price at an auction. It’s the minimum the seller will accept in many cases. Today, the asking price is often becoming the floor of the negotiation rather than the ceiling. Buyers with VA or FHA loans, buyers without a lot of cash to offer, and buyers asking for seller paid closing costs are at a severe disadvantage. In fact, in many markets and priceRead More →

Forest Meadows Real Estate Stats May 2021 show that prices continue to soar. The average price rose 19.4% to $456,568. The median price rose 20.8% to $465,000. Looking back just 2 years ago, the average price in Forest Meadows was $349,632. In just two years, the average has increased over $106,000! Homes continue to sell very fast in our neighborhood with an average time on market of only 2 days! Most astonishing is that homes in Forest Meadows & The Trails sold for 7.3% above asking price on average last month. So if you are thinking of selling in our neighborhood, NOW is the time! As of 6/4,Read More →

Forest Meadows Real Estate Stats April 2021 show double-digit price increases in Forest Meadows & The Trails in April, with the average price up 14.6% at $441,286. The median price rose 12.9% to $440,000. Sales were down 21.4% with 11 homes sold last month. Homes continue to sell very fast in our neighborhood with an average time on market of only 3 days! There are not currently any homes for sale but there are 14 pending sales, making this an ideal time for you to sell. Most homeowners are seeing above asking offers on their homes! With such fast appreciation, you may have more equity than you think!  To see more detailed statistics forRead More →

It’s almost May, which (hopefully) means warmer weather and some exciting upcoming events in Colorado Springs! As more and more people get vaccinated, things are starting to open up and events are returning to our area. It may take some time for things to be completely normal again, but this is an exciting first step back to normalcy. If you are ready to get out and about, check out some of these fun, upcoming events! Of course, if you are more hesitant about being in crowds of people, Colorado always offers an abundance of socially distanced activities. Whether you love to hike, bike, or just get out andRead More →

Forest Meadows Real Estate Stats March 2021 show that Prices increased yet again in Forest Meadows & The Trails in March, with the average price up 26.5% at $460,286. The median price rose 22.2% to $440,000. Sales were down 30% with 7 homes sold last month. Homes continue to sell very fast in our neighborhood with an average time on market of only 2 days! There are currently 3 homes for sale and 9 pending sales, making this an ideal time for you to sell. Most homeowners are seeing above asking offers on their homes! With such fast appreciation, you may have more equity than you think!  To see more detailed statistics for ourRead More →

The lack of homes for sale has been hard on today’s buyers. This has created an environment of bidding wars, offers on multiple homes, and discouraged buyers. The lack of inventory has been plaguing not just our area, but the entire country. It’s not all bad news, though, because we have some tips to help you get the home you want in a time of no inventory.  Get Prepared! You can’t go into war without being prepared, and the same goes for buying a home in this current environment. While buying a home is not an actual war, there have been quite a few biddingRead More →

Worried about trying to find a new home while selling your old one simultaneously? Did you know that there is a way to buy a home before you sell? In such an extremely competitive market, having a contingency makes it even harder.  A contingency is almost like an “if-then” situation. Having to sell your current home in order to buy a new one is considered a contingency because you can only buy IF your current home sells. With how fast the current market is moving, this can be nerve wracking for many people. If your current home sells immediately and it takes a little longerRead More →